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Biotech / Medical : Harvard Scientific (HVSF)Hot$$- male impotency medicine -- Ignore unavailable to you. Want to Upgrade?


To: Hal who wrote (2730)1/16/1998 8:33:00 AM
From: dan oreilly  Read Replies (1) | Respond to of 3906
 
Hal: Thanks for posting the "terms"

It is nice to see the company leaders "funding" the operation and a heck of a deal for THEM.Is their buyin 15 MILLION shares at 30 cents to the dollar really any better than than selling to off shore investors as referred to in earlier posts??



To: Hal who wrote (2730)1/16/1998 9:16:00 AM
From: Krukov  Read Replies (2) | Respond to of 3906
 
Hal:

Thank you for the average price calculations. It's always easier to make a real determination of the value of a deal when you have the numbers. Based on the prices that you provided, HVSF will end up with an additional 21.7 million shares. This is on top of the already 30 million (approximately) shares that HVSF currently has outstanding. I understand that it is difficult for the company to get financing, however if Waite and See will be able to trade these shares immediately, then this not such a shareholder friendly deal. to demonstrate their cpommitment to the company, the least they can do is to restrict these shares for a certain period, at least 3 years for example. JMO.

Krukov



To: Hal who wrote (2730)1/16/1998 12:00:00 PM
From: sly-1  Respond to of 3906
 
Hal - not a bad deal for the management team .... I also see that per SEC documents Waite has benn granted 4,000,000 shares (30%) for accepting his position with company on top of his latest perk ...